In tough economic times, when disposable income is squeezed, it pays to shop around – especially when it comes to Car Insurance, as the savings on premiums alone can put a smile on anyone’s face.
Many consumers take out Car Insurance on vehicles and forget about it. The premiums generally increase annually and assuming there have been no incidents during the previous year, the consumer carries the premium increase as it is sold to them as an inflation-related increase.
Insurers are aware that consumers are strapped for cash and searching for better, and cheaper, offerings. However, consumers need to compare apples with apples rather than cheap versus expensive insurance. In the cut throat insurance market, cheap is not necessarily good, because excesses may be loaded to compensate for the premium discount.
The direct financial services market has seen many newcomers offering very competitive Car Insurance rates, and this especially true in the direct insurance market. Consumers would be doing themselves a favour by approaching these direct players when shopping around for their insurance needs. Consider the cost benefits of dealing directly with an insurer intent on delivering customer service vs a broker representing a group of insurers.
Call around and get a set of new Car Insurance quotes. You can then make an informed decision which will definitely save you money. The price of the call or the time spent online will be well worth the effort.